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Question: Price Target for Nov. 30, 2024:
<$75K - 4 (2.8%)
$75K to $80K - 1 (0.7%)
$80K to $85K - 2 (1.4%)
$85K to $90K - 10 (7%)
$90K to $95K - 15 (10.6%)
$95K to $100K - 28 (19.7%)
>$100K - 82 (57.7%)
Total Voters: 142

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Author Topic: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion  (Read 26729204 times)
This is a self-moderated topic. If you do not want to be moderated by the person who started this topic, create a new topic. (174 posts by 1 users with 9 merit deleted.)
mindrust
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February 16, 2020, 07:07:05 AM

Looks like everybody here who properly invested in bitcoin before 2017 have around at least 50 and possibly closer to 100 btc while other late people who started to accumulate after 2017 have something between 5 and 15.

Makes sense since btc is now at x10 of the 2014's ATH.

Being early pays.

*pussies who stare at their monitors but never buy will never get close to these levels

If the latecomers play their cards right they'll have an opportunity to increase their btc stash by %200 - %500. All it takes is shorting the parabolic at the right time.
VB1001
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February 16, 2020, 07:08:46 AM

Not All Central Banks Have an Interest in CBDCs

Quote
1.6 billion people could have access to CBDCs in the next three years

That’s the most startling finding of the study, which was appropriately titled “Impending arrival — a sequel to the survey on central bank digital currency.” Respondents of the survey included 66 banks representing 75% of the world’s population and 90% of its economic output. Ten percent of the banks reported they would issue the first general-purpose CBDCs in the next three years, representing 20% of the world’s population.

This means that digital currencies, although centralized, have the potential to achieve an almost immediate mass adoption that the creators of cryptocurrencies and stablecoins have been working toward for the past 10 years.

Quote
“Some will ignore them, and some will explore them further, leading to a net positive gain in the cryptocurrency ecosystem. Developers will build tools that will allow for seamless exchange between CBDCs and cryptocurrencies, and the race for digital currency supremacy will take center stage in this decade."

https://cointelegraph.com/news/not-all-central-banks-have-an-interest-in-cbdcs
akhjob
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February 16, 2020, 07:09:01 AM
Merited by El duderino_ (2)

Chinese banks disinfect banknotes to stop spread of coronavirus

AlcoHoDL
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February 16, 2020, 07:18:11 AM
Merited by JayJuanGee (1)

My way of thinking is that, if the following things are true:

1. You only invest what you can afford to lose,
2. Your quality of life is already at a decent level,
3. You understand Bitcoin tech,
4. You are not greedy,

...then you don't panic easily. You can HoDL down to even under $1k and not flinch. "Let it go to zero. I'm already doing OK, I don't really need it." That's what I say to myself when there's a big dip, and that's because of (1), (2), and (4). And if there's a big dip, I try to buy more coins, because of (3), but always respecting (1).

If you get scared easily and chicken out at big dips, you're doing it wrong.

Yep, this is true above "He has admitted before that he panicked like a little girl."

"Brad, not trying to rub things in. But I'm curious how a savvy BTC guy like you who has been into BTC as long as you have sold near the exact bottom of the market?"

Yep on the above....all them pesky 'real-life circumstances' below

Well, since HODL mode, except for mining and electricity and equipment, etc....I managed to HODL through it all from 2013 until 12/24/18 I dumped the 13 BTC.

But at that time (see previous posts) I had retired at 62 years at the ATH and was living off income from crypto until 66 years and 2 months and then I would
crypt
tap into my previous traditional investments at that point. Thus 30 years working with dev disabled/house paid no debt lifestyle...switches to crypto carry over

which I thought I had 3 years of altcoins to cover such ..burnt through that in 9 months with the dump/crash...again same lifestyle then without crypto and

66 years 2 months soc sec and traditional 'balanced' investments at my 65 years of age...again the same lifestyle. So again, retired with no change in money

or lifestyle or what I thought. So dumped the 13 BTC to get through next year or so with altcoins till 66 years and 2 months plan. ie thus panic and sold 13 BTC.

(hey, I only ran in the battle that one time..jeez). So my one great dump of any kind from HODL mode since 2013 and 13 BTC and dumping at the low was based

on panic and circumstances...I really, really was not gonna go back to work for another 1.5 to 2 years so yeah...I dumped 13 BTC indeed and assorted altcoins (at

least they were at the high compared to now)

Then as previous posts state had change in circumstances and monthly income improvement middle of 2019 ...thus the 13 BTC panic sale though understandable

was an overreaction..or not ..without the change in circumstances monthly improvement addition the 13 BTC had to go..since that no longer applies and such

I managed to worm back 4.5 BTC of the original 13 BTC sold in 2019 till now. So any way you are correct the panic did not come out of the blue, real-life pressures

did indeed cause me to panic sell, but one does not at the beginning of 2018 at ATH expect an 85% dump in BTC price and 95% dump in altcoins or whatever the %

ugly that it was. Anyway, circumstances have changed, discretionary money into my traditional investments does not seem prudent at this time, I expect a recession

thus HODL of crypto is probably a better bet now than it was even at these prices in 2018 given the current real-life and world financial health circumstances IMHO. Smiley

but what do I now... I panic sold 13 BTC at $3,965 USD...much angst...alas, lost the faith...a lapse in kool-aide drinking refreshment.

later

Brad

My post above was general. I wasn't aware that you had 100 BTC at the time, and also your age. Spending 13 out of 100 BTC is not a big deal. Like JJG says, I wouldn't worry about getting back to some nice round number. By this mentality, you would not want to spend anything in the future, so as not to spoil its roundness? Doesn't make sense to me, although I'm also kind of OCD about round, symmetrical things, powers of two, and other weird things.

You are fine, and pretty soon you'll be "fuck you" rich. I wouldn't worry at all if I was you.  Cool
JayJuanGee
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February 16, 2020, 07:26:32 AM

Looks like everybody here who properly invested in bitcoin before 2017 have around at least 50 and possibly closer to 100 btc while other late people who started to accumulate after 2017 have something between 5 and 15.

Makes sense since btc is now at x10 of the 2014's ATH.

Being early pays.

*pussies who stare at their monitors but never buy will never get close to these levels

If the latecomers play their cards right they'll have an opportunity to increase their btc stash by %200 - %500. All it takes is shorting the parabolic at the right time.

I agreed with you until you got to the last paragraph.

When you say shorting, you are NOT really saying shorting are you?, but instead you are suggesting closing a long (by selling) and then buying back lower, right?

Of course, I personally don't really agree with playing around very BIG with those kinds of strategies that attempt to time the market and figuring when to get back in, and even though closing longs and buying back lower would be safer than shorting, I suppose that they are similar concepts depending on whether margin is used. 

If you use margin, then of course, you would be shorting in the traditional sense of the term, but also risking losing all of the BTC that you accumulated if the price moves against you, meaning continues to go up.
JayJuanGee
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February 16, 2020, 07:29:57 AM


I doubt that very many long term bitcoiners really agree with any of the pushes to make cash illegal.. or to discourage the use of cash.
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February 16, 2020, 07:31:29 AM
Merited by El duderino_ (3), serveria.com (1), VB1001 (1)

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February 16, 2020, 07:36:08 AM

...If the latecomers play their cards right they'll have an opportunity to increase their btc stash by %200 - %500. All it takes is shorting the parabolic at the right time.

Well, this is definitely easier being said then done.
You would have to short with a large margin, which could be absolutely disastrous if turning against you.
I wouldn't even try this shtick.
mindrust
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February 16, 2020, 07:36:53 AM

Looks like everybody here who properly invested in bitcoin before 2017 have around at least 50 and possibly closer to 100 btc while other late people who started to accumulate after 2017 have something between 5 and 15.

Makes sense since btc is now at x10 of the 2014's ATH.

Being early pays.

*pussies who stare at their monitors but never buy will never get close to these levels

If the latecomers play their cards right they'll have an opportunity to increase their btc stash by %200 - %500. All it takes is shorting the parabolic at the right time.

I agreed with you until you got to the last paragraph.

When you say shorting, you are NOT really saying shorting are you?, but instead you are suggesting closing a long (by selling) and then buying back lower, right?

Of course, I personally don't really agree with playing around very BIG with those kinds of strategies that attempt to time the market and figuring when to get back in, and even though closing longs and buying back lower would be safer than shorting, I suppose that they are similar concepts depending on whether margin is used.  

If you use margin, then of course, you would be shorting in the traditional sense of the term, but also risking losing all of the BTC that you accumulated if the price moves against you, meaning continues to go up.

Of course. I never did a leveraged trade in my life. Shorting means selling on spot for me. It was a figure of speech. Probably shouldn't have used it like that.

You know how parabolic moves happen. They happen in a very short time scale very fast.

It would be dumb not to take action against a movement like this. You also should never sell if it is going up slowly. (unless you don't need to hodl anymore lol)
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February 16, 2020, 08:00:12 AM



Yes, and we have to do it often, the treatment is for life.
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February 16, 2020, 08:02:48 AM
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In hindsight I know it doesn't matter what I'll say anymore since it already happened but while It was happening in Dec 2017, I knew that it was going to go down soon.

I showed the parabolic graph to my dad, he said: "Get the fuck out now" Didn't listen. I replied: "Nah, I am a hodler." Actually I was afraid to make a move. That's why I started to DCA anyway. Then later on in 2018 or 2019, I did some successful alt trades and "shorted" them exactly at the top of their parabolic moves. (Didn't buy back though, kept the BTC instead.)

I believe I am ready for the big ride now.


https://www.youtube.com/watch?v=u-fabeNWc5U
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February 16, 2020, 08:16:14 AM



Yes, and we have to do it often, the treatment is for life.

Yeah, and why should we let the neighbor's wife die, too?
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February 16, 2020, 08:28:30 AM



Yes, and we have to do it often, the treatment is for life.

Yeah, and why should we let the neighbor's wife die, too?

All for science.
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February 16, 2020, 08:33:50 AM

Nooooo please, after a early HODLsleep .... waking up with 3-4 pages of that kind of long texts  Roll Eyes
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February 16, 2020, 08:36:53 AM

@BitcoinGirl.Club / Pamoldar : Bhai, I am catching up with my backlog as well. You can skip pages, no one going to notice.  Tongue

That's what I did but my eyes were hurting after seeing wall of texts from JJG. Not anything new from him but this time it seems he is in steroid 😜

I am out of sMerit brother @JJG
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February 16, 2020, 08:40:40 AM

Nooooo please, after a early HODLsleep .... waking up with 3-4 pages of that kind of long texts  Roll Eyes
And yesterday I woke up with over 90 pages of backlog.
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February 16, 2020, 09:25:51 AM

Nooooo please, after a early HODLsleep .... waking up with 3-4 pages of that kind of long texts  Roll Eyes
And yesterday I woke up with over 90 pages of backlog.

The harder the pump the more to read here on WO  Grin
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February 16, 2020, 09:33:49 AM

The harder the pump the more to read here on WO  Grin
Yes I know and it was over $10k for last few days.
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February 16, 2020, 09:38:16 AM

Sub $10,000  Angry

I suppose we were due a correction but it really feels better seeing the price over $10,000. The inevitable is only being delayed any way, moon in the next 18 months Smiley
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February 16, 2020, 09:43:48 AM

I suppose we have established the basis - for a really really big dildo - taking us to $11k & beyond. Grin

I can't see us going down from here. Not yet anyway.
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